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Why SoundHound AI Stock Skyrocketed Today
Shares of SoundHound AI (NASDAQ: SOUN) were soaring on Monday. The artificial intelligence (AI) voice technology company's stock closed the day up 22.6%, and was up as much as 24.9% earlier in the day. The significant jump comes as the S&P 500 (SNPINDEX: ^GSPC) gained 3.3% and the Nasdaq Composite (...The Motley Fool
Mon, May 12
CORRECTED-CANADA STOCKS-TSX hits near three-month high on easing global trade tensions
TSX ends up 0.7% at 25,532.18Posts highest close since February 19Tech adds 5.5% with Shopify jumping 14.1%Energy gains 3% as oil settles 1.5% higherBy Sukriti Gupta and Fergal Smith May 12 (Reuters) - Canada's main stock index rose to a near three-month high on Monday as the United States an...Reuters
Mon, May 12
Amazon strikes new partnership with FedEx after UPS pullback
May 12 (Reuters) - Amazon AMZN.O said on Monday it has struck a new partnership with FedEx FDX.N in late February to handle some parts of its package deliveries. FedEx shares rose 1.7% after the closing bell. Business Insider first reported the news on Monday, citing an internal documen...Reuters
Mon, May 12
Trump's drug pricing order delivers blow to pharmacy benefit managers
Trump's order aims to align U.S. drug prices with international standardsCVS, Cigna, UnitedHealth shares drop amid executive order announcementPBMs may adjust service fees to offset pricing changes, one analyst saysBy Amina Niasse NEW YORK, May 12 (Reuters) - President Donald Trump on Monday ...Reuters
Mon, May 12
Enanta Pharmaceuticals Inc reports results for the quarter ended March 31 - Earnings Summary
Enanta Pharmaceuticals Inc ENTA.OQ reported a quarterly adjusted loss of $1.06 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.47. The mean expectation of five analysts for the quarter was for a loss of $1.14 per share. Wall S...Reuters
Mon, May 12
ANALYSIS-Investors cheer US-China tariff truce, but cautious over a final deal
US and China agree to temporarily slash reciprocal tariffsDeal boosts dollar, stocks; safe havens slumpBut uncertainty prevails, focus turning to tax cutsBy Amanda Cooper, Samuel Shen and Lewis Krauskopf LONDON/SHANGHAI/NEW YORK, May 12 (Reuters) - A truce in the U.S.-China trade war set off a re...Reuters
Mon, May 12
Mattel's Plea for Lower Tariffs Pays Off and the Stock Pops
The market was on fire early on Monday after President Donald Trump announced the reduction of tariffs on Chinese imports from the self-imposed 145% to 30%, for at least the next 90 days. This will allow for more negotiations, and although a deal is far from final, it looks like the tensions are com...The Motley Fool
Mon, May 12
Ameren dips after $520 million stock offering announced
** Shares of utility co Ameren Corp AEE.N down 0.9% at $94.55 post-market after stock offering news ** St. Louis, Missouri-based Ameren announces $520 mln stock offering as part of forward sale** Co plans to enter into forward sale agreements with jt bookrunners Goldman Sachs, JP Morgan, Barclays a...Reuters
Mon, May 12
Consumer Portfolio Services Inc reports results for the quarter ended March 31 - Earnings Summary
Consumer Portfolio Services Inc CPSS.OQ reported quarterly adjusted earnings of 19 cents per share for the quarter ended March 31. The lone analyst forecast for the quarter was for earnings of 30 cents per share. Revenue was $106.87 million; analysts expected $109.99 million. Consumer Portfolio ...Reuters
Mon, May 12
Plug Power Inc reports results for the quarter ended March 31 - Earnings Summary
Plug Power Inc PLUG.OQ reported a quarterly adjusted loss of 21 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of twenty three analysts for the quarter was for a loss of 19 cents per share. W...Reuters
Mon, May 12
LIVE MARKETS-Risk-on revelers rejoice as US-China reach a deal
Main US indexes end sharply higher; Nasdaq up >4%, out frontCons Disc leads S&P 500 sector gainers; Utilities sole loserDollar surges; crude up >1%; bitcoin off >2%; gold down >2.5%US 10-Year Treasury yield jumps to ~4.47%Welcome to the home for real-time coverage of markets brought ...Reuters
Mon, May 12
SeaStar Medical Holding Corp expected to post a loss of 52 cents a share - Earnings Preview
SeaStar Medical Holding Corp ICU.OQ ICU.O is expected to report resultson May 14 for the period ending March 31 2025The Denver Colorado-based company is expected to report revenue of $150 thousand, according to the estimate from one analyst, based on LSEG data.LSEG's mean analyst estimate for ...Reuters
Mon, May 12
Why Heavy Equipment Stocks Gained Ground Today
Over the weekend, the United States and China laid out the framework for a trade deal and suspended some of the most onerous tariffs imposed by the two countries.It isn't a done deal yet, but shares of heavy equipment companies that were facing a two-sided blow from the tariffs are rallying on the n...The Motley Fool
Mon, May 12
Perpetua Resources Corp reports results for the quarter ended March 31 - Earnings Summary
Perpetua Resources Corp PPTA.TO reported quarterly adjusted earnings of 12 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -12 cents. The lone analyst forecast for the quarter was for a loss of 5 cents per share. Reported re...Reuters
Mon, May 12
BioCardia Inc expected to post a loss of 39 cents a share - Earnings Preview
BioCardia Inc BCDA.OQ BCDA.O is expected to report resultson May 14 for the period ending March 31 2025LSEG's mean analyst estimate for BioCardia Inc is for a loss of 39 cents per share. The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 ...Reuters
Mon, May 12
US STOCKS-Wall Street equity indexes rally after US-China tariff truce
By Sinéad Carew and Shashwat Chauhan May 12 (Reuters) - Wall Street's three major indexes rallied sharply on Monday with the S&P 500 hitting its highest levels since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war,...Reuters
Mon, May 12
EMERGING MARKETS-FX tumbles, stocks higher on commodity boost after US-China tariff relief
Brazil says China to invest $4.78 billion as Lula visits BeijingEconomists say Brazil's monetary tightening cycle is overChile central bank seen holding rate at 5% next meeting, poll showsIndian, Pakistani assets soar after ceasefire By Nikhil Sharma, Johann M Cherian and Purvi Agarwal May 12...Reuters
Mon, May 12
Kroger, other staples companies fall, as market rallies on tariff news
** Shares of supermarket operator Kroger Co KR.N was down 4.2% at $68.84 in afternoon trading Mon, hitting their lowest level since mid-April, while grocer Albertsons ACI.N was down 1.2% at $22.21** Kroger was among the biggest decliners in the S&P 500 consumer staples .SPLRCS sector Monday, whi...Reuters
Mon, May 12
TSX Composite set for biggest turnover since 2022 as trade tensions reshape index
Investing.com -- Canada’s S&P/TSX Composite Index is on track to see its largest reshuffle in nearly three years, driven by strong price divergence across sectors and geopolitical uncertainty, accordiInvesting.com
Mon, May 12
Ethereum Heats Up to Lead Crypto Higher
The crypto market has been on a tear over the past week and had a great weekend as news broke that tariffs would be reduced between the U.S. and China. But the trade started to unwind as crypto fell, starting shortly after trading began on Wall Street on Monday.Ethereum (CRYPTO: ETH) has been the bi...The Motley Fool
Mon, May 12
